PRESS RELEASE

WASHINGTON--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the year ended December 31, 2019, was $1.4 billion, an increase of 17% over revenue of $1.2 billion for the full year of 2018. Revenue for the fourth quarter ended December 31, 2019, was $375 million, an increase of 19% over revenue of $316 million for the fourth quarter of 2018.

Net income for the year ended December 31, 2019 was $315 million, an increase of 32% compared to net income of $238 million for the full year of 2018. Net income for the fourth quarter of 2019 was $88 million or $2.39 per diluted share, an increase of 5% compared to net income of $84 million for the fourth quarter of 2018. EBITDA for the full year of 2019 was $445 million, an increase of 27% compared to EBITDA of $351 million for the full year of 2018.

“2019 was a banner year for CoStar Group in both revenue and sales growth,” said Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group. “We reported $1.4 billion in revenue for the full year, adding over $200 million of revenue over the full year 2018. Our team delivered outstanding net new sales bookings of $210 million, up 24% over 2018. Over the past year, we have been talking about the huge potential for the next chapter of LoopNet. In the fourth quarter of 2019, we saw concrete results when we sold 5X the LoopNet Signature Ads compared to the same quarter a year ago. Our Apartments.com team had an exceptional year, growing Multifamily revenue 21% year-over-year. We have had great success this past year selling solutions to the massive, relatively untapped sub-100-unit apartment market and the residential rental market.”

"We are now even more excited about the potential of a great company like STR combined with CoStar’s resources and technology." Florance continued, “Our immediate focus is on creating a more powerful STR by consolidating disparate STR products and CoStar into one seamlessly integrated platform. We expect STR to contribute revenue in the range of $61 to $63 million in 2020."

Year 2018-2019 Quarterly Results - Unaudited
(in millions, except per share data)
		2018													2019
		Q1			Q2			Q3			Q4				Q1			Q2			Q3			Q4
Revenues		$	274		$	297		$	306		$	316			$	328		$	344		$	353		$	375
Net income		52			44			59			84				85			63			79			88
Net income per share - diluted		1.44			1.20			1.61			2.29				2.33			1.73			2.15			2.39
Weighted average outstanding shares - diluted		36.4			36.5			36.5			36.5				36.6			36.6			36.7			36.7
EBITDA		70			64			91			125				113			94			113			125
Adjusted EBITDA		84			85			110			139				125			110			129			142
Non-GAAP net income		60			60			79			102				92			82			96			103
Non-GAAP net income per share - diluted		1.65			1.66			2.16			2.81				2.53			2.23			2.61			2.82

Adjusted EBITDA (which excludes stock-based compensation, acquisition and integration related costs and other items as described below) for the full year of 2019 was $507 million, an increase of 21% compared to adjusted EBITDA of $418 million for the full year of 2018.

Non-GAAP net income (which excludes amortization of acquired intangible assets, stock-based compensation and other items as described below) for the full year of 2019 was $373 million or $10.19 per diluted share, an increase of $72 million or 24% versus the full year of 2018.

2020 Outlook

The Company expects revenue in the range of $1.650 billion to $1.665 billion for the full year of 2020, representing growth of 18% to 19% for the year. This guidance includes an estimated full year 2020 revenue contribution from STR of $61 to $63 million. We expect revenue for the first quarter of 2020 in the range of $387 million to $392 million, representing revenue growth of 19% at the midpoint of the range.

The Company expects adjusted EBITDA in a range of $520 million to $530 million for the full year of 2020, an increase of 4% at the midpoint of the range. For the first quarter of 2020, the Company expects adjusted EBITDA in a range of $115 million to $120 million.

We expect full-year 2020 non-GAAP net income per diluted share in a range of $10.20 to $10.40 based on 36.8 million shares. For the first quarter of 2020, we expect non-GAAP net income per diluted share in a range of $2.25 to $2.35 based on 36.7 million shares. These ranges include a non-GAAP tax rate of 25%.

The preceding guidance does not include any operating results from the proposed RentPath acquisition.

The preceding forward-looking statements reflect CoStar Group’s expectations as of February 25, 2020, including forward-looking non-GAAP financial measures on a consolidated basis. Given the risk factors, uncertainties and assumptions discussed above, actual results may differ materially. Other than in publicly available statements, the Company does not intend to update its forward-looking statements until its next quarterly results announcement.

Reconciliation of EBITDA, adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share and other disclosed non-GAAP financial measures to their GAAP basis results are shown in detail below, along with definitions for those terms. A reconciliation of forward-looking non-GAAP guidance to the most directly comparable GAAP measure, net income, can be found within the tables included in this release.

Non-GAAP Financial Measures

For information regarding the purpose for which management uses the non-GAAP financial measures disclosed in this release and why management believes they provide useful information to investors regarding the Company’s financial condition and results of operations, please refer to the Company’s latest periodic report.

EBITDA is a non-GAAP financial measure that represents GAAP net income attributable to CoStar Group before interest and other income (expense), loss on debt extinguishment, income taxes, depreciation and amortization.

Adjusted EBITDA is a non-GAAP financial measure that represents EBITDA before stock-based compensation expense, acquisition- and integration-related costs for pending and completed acquisitions, restructuring costs, and settlements and impairments incurred outside the Company’s normal course of business.

Non-GAAP net income is a non-GAAP financial measure determined by adjusting GAAP net income attributable to CoStar Group for stock-based compensation expense, acquisition- and integration-related costs for pending and completed acquisitions, restructuring costs, settlement and impairment costs incurred outside the Company's normal course of business and loss on debt extinguishment, as well as amortization of acquired intangible assets and other related costs, and then subtracting an assumed provision for income taxes. In 2020, the Company is assuming a 25% tax rate in order to approximate our statutory corporate tax rate excluding the impact of discrete items.

Non-GAAP net income per diluted share is a non-GAAP financial measure that represents non-GAAP net income divided by the number of diluted shares outstanding for the period used in the calculation of GAAP net income per diluted share. For periods with GAAP net losses and non-GAAP net income, the weighted average outstanding shares used to calculate non-GAAP net income per share includes potentially dilutive securities that were excluded from the calculation of GAAP net income per share as the effect was anti-dilutive.

Earnings Conference Call

Management will conduct a conference call at 5:00 PM EST on Tuesday, February 25, 2020 to discuss earnings results for the fourth quarter and full year 2019 and the Company’s outlook. The audio portion of the conference call will be broadcast live over the Internet at investors.costargroup.com. To join the conference call by telephone, please dial (844) 721-7241 (from the United States and Canada) or (409) 207-6955 (from all other countries) and refer to access code 9109916. The webcast replay will also be available in the Investor section of CoStar Group's website for a period of time following the call.

CoStar Group, Inc.
Condensed Consolidated Statements of Operations - Unaudited
(in thousands, except per share data)
		Three Months Ended December 31,								Year Ended December 31,
		2019				2018				2019				2018
Revenues		$	374,726			$	315,571			$	1,399,719			$	1,191,832
Cost of revenues		74,996				68,248				289,239				269,933
Gross profit		299,730				247,323				1,110,480				921,899
Operating expenses:
Selling and marketing (excluding customer base amortization)		99,845				69,152				408,596				359,858
Software development		36,580				25,580				125,602				100,937
General and administrative		50,797				39,001				178,740				156,659
Customer base amortization		11,522				7,933				33,995				30,881
		198,744				141,666				746,933				648,335
Income from operations		100,986				105,657				363,547				273,564
Interest and other income		13,801				4,607				30,017				13,281
Interest and other expense		(482		)		(695		)		(2,615		)		(2,830		)
Income before income taxes		114,305				109,569				390,949				284,015
Income tax expense		26,378				26,060				75,986				45,681
Net income		$	87,927			$	83,509			$	314,963			$	238,334
Net income per share - basic		$	2.42			$	2.31			$	8.67			$	6.61
Net income per share - diluted		$	2.39			$	2.29			$	8.60			$	6.54
Weighted average outstanding shares - basic		36,359				36,136				36,310				36,058
Weighted average outstanding shares - diluted		36,674				36,474				36,630				36,448

CoStar Group, Inc.
Reconciliation of Non-GAAP Financial Measures - Unaudited
(in thousands, except per share data)
Reconciliation of Net Income to Non-GAAP Net Income
		Three Months Ended December 31,								Year Ended December 31,
		2019				2018				2019				2018
Net income		$	87,927			$	83,509			$	314,963			$	238,334
Income tax expense		26,378				26,060				75,986				45,681
Income before income taxes		114,305				109,569				390,949				284,015
Amortization of acquired intangible assets		17,406				13,277				55,352				51,467
Stock-based compensation expense		13,271				12,125				52,255				42,718
Acquisition and integration related costs		3,651				1,484				6,679				21,683
Restructuring and related costs		—				—				3,054				2,314
Settlements and impairments		(10,750		)		—				(10,750		)		—
Non-GAAP income before income taxes		137,883				136,455				497,539				402,197
Assumed rate for income tax expense *		25		%		25		%		25		%		25		%
Assumed provision for income tax expense		(34,470		)		(34,113		)		(124,385		)		(100,549		)
Non-GAAP net income		$	103,413			$	102,342			$	373,154			$	301,648
Net income per share - diluted		$	2.39			$	2.29			$	8.60			$	6.54
Non-GAAP net income per share - diluted		$	2.82			$	2.81			$	10.19			$	8.28
Weighted average outstanding shares - basic		36,359				36,136				36,310				36,058
Weighted average outstanding shares - diluted		36,674				36,474				36,630				36,448
* A 25% tax rate is assumed for 2019 and 2018, which approximates our statutory corporate tax rate.
Reconciliation of Net Income to EBITDA and Adjusted EBITDA
		Three Months Ended December 31,								Year Ended December 31,
		2019				2018				2019				2018
Net income		$	87,927			$	83,509			$	314,963			$	238,334
Amortization of acquired intangible assets in cost of revenues		5,854				5,344				21,357				20,586
Amortization of acquired intangible assets in operating expenses		11,552				7,933				33,995				30,881
Depreciation and other amortization		6,524				6,466				25,813				26,276
Interest and other income		(13,801		)		(4,607		)		(30,017		)		(13,281		)
Interest and other expense		482				695				2,615				2,830
Income tax expense		26,378				26,060				75,986				45,681
EBITDA		$	124,916			$	125,400			$	444,712			$	351,307
Stock-based compensation expense		13,271				12,125				52,255				42,718
Acquisition and integration related costs		3,651				1,484				6,679				21,683
Restructuring and related costs		—				—				3,054				2,314
Adjusted EBITDA		$	141,838			$	139,009			$	506,700			$	418,022

CoStar Group, Inc.
Condensed Consolidated Balance Sheets - Unaudited
(in thousands)
		December 31, 2019				December 31, 2018
ASSETS
Current assets:
Cash and cash equivalents		$	1,070,731			$	1,100,416
Accounts receivable, less allowance of $5,097 and $5,709 as of December 31, 2019 and December 31, 2018, respectively		92,240				89,192
Prepaid expenses and other current assets		36,194				23,690
Total current assets		1,199,165				1,213,298
Long-term investments		10,070				10,070
Deferred income taxes, net		5,408				7,469
Lease right-of-use assets		115,084				—
Property and equipment, net		107,529				83,303
Goodwill		1,882,020				1,611,535
Intangible assets, net		421,196				288,911
Deferred commission costs, net		89,374				76,031
Deposits and other assets		9,232				7,432
Income tax receivable		14,908				14,908
Total assets		$	3,853,986			$	3,312,957
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	7,640			$	6,327
Accrued wages and commissions		53,087				45,588
Accrued expenses		38,680				29,821
Deferred gain on the sale of building		—				2,523
Income taxes payable		10,705				14,288
Deferred rent		—				4,153
Lease liabilities		29,670				—
Deferred revenue		67,274				51,459
Total current liabilities		207,056				154,159
Deferred gain on the sale of building		—				13,669
Deferred rent		—				31,944
Deferred income taxes, net		87,096				69,857
Income taxes payable		20,521				17,386
Lease and other long-term liabilities		133,720				4,000
Total liabilities		$	448,393			$	291,015
Total stockholders’ equity		3,405,593				3,021,942
Total liabilities and stockholders’ equity		$	3,853,986			$	3,312,957

CoStar Group, Inc.
Condensed Consolidated Statements of Cash Flows - Unaudited
(in thousands)
		Year Ended December 31,
		2019				2018
Operating activities:
Net income		$	314,963			$	238,334
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		81,165				77,743
Amortization of deferred commissions costs		53,421				48,313
Amortization of debt issuance costs		876				876
Non-cash lease expense		22,748				—
Loss on disposal of property and equipment		105				73
Stock-based compensation expense		52,255				41,214
Deferred income taxes, net		8,220				3,666
Bad debt expense		10,978				6,542
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(5,014		)		(27,819		)
Prepaid expenses and other current assets		(14,244		)		(1,651		)
Deferred commissions		(66,688		)		(53,497		)
Income tax receivable		—				(1,927		)
Accounts payable and other liabilities		17,751				(14,132		)
Lease liabilities		(25,442		)		—
Income taxes payable		(577		)		9,632
Deferred revenue		7,911				7,879
Other assets		(648		)		212
Net cash provided by operating activities		457,780				335,458
Investing activities:
Purchases of property and equipment and other assets		(46,197		)		(29,632		)
Cash paid for acquisitions, net of cash acquired		(437,556		)		(418,369		)
Net cash used in investing activities		(483,753		)		(448,001		)
Financing activities:
Repurchase of restricted stock to satisfy tax withholding obligations		(27,577		)		(24,327		)
Proceeds from exercise of stock options and employee stock purchase plan		25,080				27,071
Other financing activities		(1,657		)		—
Net cash (used in) provided by financing activities		(4,154		)		2,744
Effect of foreign currency exchange rates on cash and cash equivalents		442				(1,248		)
Net decrease in cash and cash equivalents		(29,685		)		(111,047		)
Cash and cash equivalents at the beginning of period		1,100,416				1,211,463
Cash and cash equivalents at the end of period		$	1,070,731			$	1,100,416

CoStar Group, Inc.
Disaggregated Revenues - Unaudited
(in thousands)
		Three Months Ended December 31,
		2019												2018
		North America				International				Total				North America				International				Total
Information and analytics
CoStar Suite		$	154,152			$	7,107			$	161,259			$	135,785			$	6,153			$	141,938
Information services		24,318				5,030				29,348				17,164				2,035				19,199
Online marketplaces
Multifamily		130,168				—				130,168				108,541				—				108,541
Commercial property and land		53,846				105				53,951				45,812				81				45,893
Total revenues		$	362,484			$	12,242			$	374,726			$	307,302			$	8,269			$	315,571

		Year Ended December 31,
		2019												2018
		North America				International				Total				North America				International				Total
Information and analytics
CoStar Suite		$	590,222			$	27,576			$	617,798			$	519,661			$	25,534			$	545,195
Information services		76,950				11,496				88,446				58,708				8,916				67,624
Online marketplaces
Multifamily		490,631				—				490,631				405,795				—				405,795
Commercial property and land		202,264				580				202,844				173,137				81				173,218
Total revenues		$	1,360,067			$	39,652			$	1,399,719			$	1,157,301			$	34,531			$	1,191,832

CoStar Group, Inc.
Results of Segments - Unaudited
(in thousands)
		Three Months Ended December 31,								Year Ended December 31,
		2019				2018				2019				2018
EBITDA
North America		$	125,457			$	128,131			$	451,699			$	358,036
International		(541		)		(2,731		)		(6,987		)		(6,729		)
Total EBITDA		$	124,916			$	125,400			$	444,712			$	351,307

CoStar Group, Inc.
Reconciliation of Non-GAAP Financial Measures with 2018-2019 Quarterly Results - Unaudited
(in millions, except per share data)
Reconciliation of Net Income to Non-GAAP Net Income
		2018													2019
		Q1			Q2			Q3			Q4				Q1			Q2			Q3			Q4
Net income		$	52.2		$	43.8		$	58.8		$	83.5			$	85.2		$	63.2		$	78.6		$	87.9
Income tax expense			3.5			1.9			14.2			26.1				12.5			16.8			20.3			26.4
Income before income taxes			55.7			45.7			73.0			109.6				97.7			80.0			98.9			114.3
Amortization of acquired intangible assets			10.4			14.1			13.6			13.3				13.2			12.2			12.5			17.4
Stock-based compensation expense			10.4			11.2			9.0			12.1				12.0			13.8			13.1			13.3
Acquisition and integration related costs			3.5			9.5			7.2			1.5				0.2			0.5			2.3			3.7
Restructuring and related costs		—			—				2.3		—					0.1			2.2			0.8		—
Settlements and impairments		—			—			—			—				—			—			—				(10.8	)
Non-GAAP income before income taxes			80.1			80.6			105.1			136.5				123.2			108.7			127.6			137.9
Assumed rate for income tax expense *			25	%		25	%		25	%		25	%			25	%		25	%		25	%		25	%
Assumed provision for income tax expense			(20.0	)		(20.1	)		(26.3	)		(34.1	)			(30.8	)		(27.2	)		(31.9	)		(34.5	)
Non-GAAP net income		$	60.1		$	60.4		$	78.8		$	102.3			$	92.4		$	81.5		$	95.7		$	103.4
Non-GAAP net income per share - diluted		$	1.65		$	1.66		$	2.16		$	2.81			$	2.53		$	2.23		$	2.61		$	2.82
Weighted average outstanding shares - basic			35.9			36.1			36.1			36.1				36.2			36.3			36.3			36.4
Weighted average outstanding shares - diluted			36.4			36.5			36.5			36.5				36.6			36.6			36.7			36.7
* A 25% tax rate is assumed for 2019 and 2018, which approximates our statutory corporate tax rate.
Reconciliation of Net Income to EBITDA and Adjusted EBITDA
		2018													2019
		Q1			Q2			Q3			Q4				Q1			Q2			Q3			Q4
Net income		$	52.2		$	43.8		$	58.8		$	83.5			$	85.2		$	63.2		$	78.6		$	87.9
Amortization of acquired intangible assets			10.4			14.1			13.6			13.3				13.2			12.2			12.5			17.4
Depreciation and other amortization			6.6			6.4			6.8			6.5				6.5			6.5			6.3			6.5
Interest and other income			(3.0	)		(2.6	)		(3.0	)		(4.6	)			(4.9	)		(5.9	)		(5.4	)		(13.8	)
Interest and other expense			0.7			0.7			0.7			0.7				0.7			0.7			0.7			0.5
Income tax expense			3.5			1.9			14.2			26.1				12.5			16.8			20.3			26.4
EBITDA		$	70.4		$	64.3		$	91.1		$	125.5			$	113.2		$	93.5		$	113.0		$	124.9
Stock-based compensation expense			10.4			11.2			9.0			12.1				12.0			13.8			13.1			13.3
Acquisition and integration related costs			3.5			9.5			7.2			1.5				0.2			0.5			2.3			3.7
Restructuring and related costs		—			—				2.3		—					0.1			2.2			0.8		—
Adjusted EBITDA		$	84.4		$	85.1		$	109.6		$	139.0			$	125.5		$	110.0		$	129.2		$	141.9

CoStar Group, Inc.
Reconciliation of Forward-Looking Guidance - Unaudited
(in thousands, except per share data)
Reconciliation of Forward-Looking Guidance, Net Income to Non-GAAP Net Income
		Guidance Range								Guidance Range
		For the Three Months								For the Twelve Months
		Ended March 31, 2020								Ended December 31, 2020
		Low				High				Low				High
Net income		$	54,000			$	60,000			$	266,000			$	277,000
Income tax expense		11,000				12,000				75,000				78,000
Income before income taxes		65,000				72,000				341,000				355,000
Amortization of acquired intangible assets		19,000				19,000				72,000				72,000
Stock-based compensation expense		17,000				16,000				64,000				62,000
Acquisition and integration related costs		9,000				8,000				24,000				22,000
Non-GAAP income before income taxes		110,000				115,000				501,000				511,000
Assumed rate for income tax expense *		25		%		25		%		25		%		25		%
Assumed provision for income tax expense		(27,500		)		(28,800		)		(125,500		)		(128,300		)
Non-GAAP net income		$	82,500			$	86,200			$	375,500			$	382,700
Net income per share - diluted		$	1.47			$	1.63			$	7.23			$	7.53
Non-GAAP net income per share - diluted		$	2.25			$	2.35			$	10.20			$	10.40
Weighted average outstanding shares - diluted		36,700				36,700				36,800				36,800
* A 25% tax rate is assumed, which approximates our statutory corporate tax rate.
Reconciliation of Forward-Looking Guidance, Net Income to Adjusted EBITDA
		Guidance Range								Guidance Range
		For the Three Months								For the Twelve Months
		Ended March 31, 2020								Ended December 31, 2020
		Low				High				Low				High
Net income		$	54,000			$	60,000			$	266,000			$	277,000
Amortization of acquired intangible assets		19,000				19,000				72,000				72,000
Depreciation and other amortization		7,000				7,000				29,000				29,000
Interest and other expense, net		(2,000		)		(2,000		)		(10,000		)		(10,000		)
Income tax expense		11,000				12,000				75,000				78,000
Stock-based compensation expense		17,000				16,000				64,000				62,000
Acquisition and integration related costs		9,000				8,000				24,000				22,000
Adjusted EBITDA		$	115,000			$	120,000			$	520,000			$	530,000

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 6 million monthly unique visitors. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. CoStar Group’s websites attracted an average of over 47 million unique monthly visitors in aggregate in the fourth quarter of 2019. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements. The following factors, among others, could cause or contribute to such differences: the risk that the trends stated or implied by this release cannot or will not be sustained at the current pace, including trends related to revenue, net income, non-GAAP net income, EBITDA, adjusted EBITDA, and sales bookings; the risk that the Company is unable to sustain current revenue, earnings and bookings growth rates or increase them; the risk that CoStar’s and STR’s products cannot be combined successfully into a seamless integrated platform when or as expected; the risk that the amount of revenue STR contributes in 2020 will not be as expected and stated in this release; the risk that revenues for the first quarter and full year 2020 will not be as stated in this press release; the risk that net income for the first quarter and full year 2020 will not be as stated in this press release; the risk that adjusted EBITDA for the first quarter and full year 2020 will not be as stated in this press release; the risk that non-GAAP net income and non-GAAP net income per diluted share for the first quarter and full year 2020 will not be as stated in this press release; and the risk that the tax rate estimates stated in this press release are incorrect or may change. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2018, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Scott Wheeler
Chief Financial Officer
(202) 336-6920
swheeler@costar.com

Sarah Spray
Vice President
Investor Relations
(202) 346-6394
sspray@costar.com

 

Source: CoStar Group, Inc.